MENA: Whisky Market 2024

Whisky Market Size in MENA

After two years of growth, the MENA's whisky market decreased by X% to $X in 2023. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then fell in the following year.

Whisky Production in MENA

In value terms, whisky production dropped modestly to $X in 2023 estimated in export price. In general, production continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Whisky Exports

Exports in MENA

After two years of growth, overseas shipments of whisky decreased by X% to X litres in 2023. Overall, exports continue to indicate a noticeable decline. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. The volume of export peaked at X litres in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, whisky exports shrank to $X in 2023. Total exports indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

In 2023, the United Arab Emirates (X litres) represented the major exporter of whisky, committing X% of total exports. It was distantly followed by Turkey (X litres), committing a X% share of total exports. Bahrain (X litres), Israel (X litres), Tunisia (X litres), Morocco (X litres) and Jordan (X litres) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to whisky exports from the United Arab Emirates stood at X%. At the same time, Israel (X%), Morocco (X%), Bahrain (X%), Tunisia (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. By contrast, Jordan (X%) illustrated a downward trend over the same period. Turkey (X p.p.), the United Arab Emirates (X p.p.), Bahrain (X p.p.), Israel (X p.p.), Tunisia (X p.p.) and Morocco (X p.p.) significantly strengthened its position in terms of the total exports, while Jordan saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the United Arab Emirates ($X) remains the largest whisky supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

In the United Arab Emirates, whisky exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Tunisia (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per litre, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of export peaked at $X per litre in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Morocco ($X per litre), while Jordan ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced more modest paces of growth.

Whisky Imports

Imports in MENA

In 2023, after two years of growth, there was significant decline in purchases abroad of whisky, when their volume decreased by X% to X litres. Total imports indicated resilient growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of import peaked at X litres in 2022, and then dropped in the following year.

In value terms, whisky imports fell to $X in 2023. Total imports indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

The United Arab Emirates (X litres) and Turkey (X litres) dominates imports structure, together achieving X% of total imports. It was distantly followed by Israel (X litres) and Oman (X litres), together mixing up a X% share of total imports. Iraq (X litres), Morocco (X litres) and Lebanon (X litres) took a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Israel ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Israel, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in MENA amounted to $X per litre, remaining stable against the previous year. In general, the import price, however, continues to indicate a slight contraction. The pace of growth was the most pronounced in 2022 an increase of X%. Over the period under review, import prices reached the peak figure at $X per litre in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Israel ($X per litre), while Oman ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Iraq (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform